Sheikh Hamdan hails growing impact of Islamic economy on Dubai GDP

Dubai Crown Prince applauds efforts as report show Islamic economy is worth more than AED40bn to Dubai
Sheikh Hamdan hails growing impact of Islamic economy on Dubai GDP
By Sam Bridge
Fri 12 Jul 2019 10:00 AM

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and chairman of Dubai Executive Council, has hailed the growing contribution of the Islamic economy on Dubai’s gross domestic product (GDP).

He said the growth is part of Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum's vision to cement the emirate as a global capital of the Islamic economy.

Sheikh Hamdan also said that Dubai is keen to encourage creative ideas that open new horizons that lead to unleashing the potential of the Islamic economy and its diversified sectors.

His remarks were made following a report which showed the contribution of the Islamic economy to Dubai’s GDP, which grow 2.4 percent by end-2017 to AED40.953 billion compared to AED39.985 billion by end-2016.

The report issued by Dubai Statistics Centre also showed that the Islamic economy contributed 10 percent of Dubai’s GDP.

Sheikh Hamdan also said that the accumulative success of the Islamic economy locally also contributed in cementing the international role of Dubai.

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